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Musk sued for overdue disclosure of twitter shareholding information

On April 13, a shareholder of personal social media twitter sued Elon Musk to the court on Tuesday, local time, saying that he did not disclose his shareholding information in time and was suspected of securities fraud < p > < / P > < p > it is reported that the shareholder named Marc Bain rasella filed a lawsuit in Manhattan federal court on Tuesday. He believes that musk did not disclose relevant information in time when his shareholding ratio exceeded 5%, so that he could buy more twitter shares at a lower price. Rasella claimed that Musk's practice is to artificially lower the company's share price and deceive investors who sell twitter shares < p > musk did not immediately respond to requests for comment. Twitter declined to comment on the lawsuit < p > the investor said that when musk submitted documents to disclose his twitter shares, the company's share price rose 27%, from $39.31 per share on April 1 to $49.97 on April 4. (Chen Chen) < / P > < p >


2023-03-22 10:04:52

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